Europe set to end downbeat quarter on weak note

Date: Wed, 30 Jun 2010 12:00:57 -0400

EUROPE SET TO END DOWNBEAT QUARTER ON WEAK NOTE
European shares trade broadly lower to cap a bearish second quarter,
primarily playing off a weaker-than-expected reading on U.S.
employment in the private sector.

U.S. STOCKS FLUCTUATE AS SECOND QUARTER ENDS
A disappointing report on private-sector jobs weighs on investors, but
the major indexes manage to eke out small gains.

TREASURYS UNDER PRESSURE AS STOCKS WAVER AFTER ADP
Treasury prices came under pressure on Wednesday after ADP said the
U.S. private-sector added far fewer jobs than economists expected.

CHICAGO FED'S EVANS 'WARY' OF MORE ASSET PURCHASES
Charles Evans, president of the Chicago Fed, is "wary" of calls for
further central-bank purchases of assets aimed at stimulating the
economy. He also dismisses fears that the U.S. recovery is faltering.

HURRICANE ALEX SENDS OIL TO GULF COAST BEACHES
Hurricane Alex, which strengthened overnight from a tropical storm, is
sending oil from the BP spill toward Gulf coast beaches, reports said
Wednesday. The storm, currently a Categrory One hurricane, is
projected to make landfall late Wednesday or early Thursday, probably
in northeastern Mexico, according to forecasters.